ISTANBUL — Bulls Yatırım Holding has acquired a 77.62% stake in Escar Filo Kiralama Hizmetleri for $142 million, marking a significant move in Türkiye’s fleet leasing sector.
The agreement covers the transfer of a controlling share of Escar, with the transaction expected to be finalized following approvals from regulatory authorities, including the Competition Authority.
Strategic Expansion in Mobility and Leasing
The acquisition aligns with Bulls Yatırım Holding’s strategy of sustainable growth and portfolio diversification, strengthening its presence in mobility and operational leasing services.
Escar, founded in 2001, is a well-established player in fleet leasing, known for its long-term customer relationships and solution-oriented services. The company reportedly maintains a customer retention rate exceeding 90%, reflecting strong market positioning.
Leadership Perspective
Bulls Yatırım Holding Chairman Kemal Akkaya described the deal as more than a financial investment, emphasizing its long-term value creation:
“This investment represents not only today’s gains but also tomorrow’s opportunities,” he said, highlighting the goal of building a sustainable ecosystem through strategic partnerships.
Ownership Structure and Next Steps
Following the transaction, Escar’s General Manager Nora Karakaş is expected to retain a minor stake of around 2%, ensuring continuity in management.
The deal is seen as a major consolidation move in Türkiye’s fleet leasing market, potentially paving the way for further investments and sectoral growth once regulatory approvals are secured.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök